Transcript

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>> Trade talks between China and the US ended on Sunday. With a warning from Beijing. If the US implements trade sanctions including tariffs, then all the economic and trade achievements between the two countries will be void. That was according to the official state news agency Xinhua. At the end of the two day meeting between US Commerce Secretary Wilbur Ross and Chinese Vice Premier Liu He.

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Xinhua did not mention any specific new agreements but instead cited a consensus reached in Washington last month when China agreed to significantly increase its purchases of US goods and services. An editorial on the website of the state run global times newspaper on Sunday said tariffs and expanding exports.

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The US can't have both. Following the Washington meeting it looked like a truce between the two economic heavyweights was on the cards. But last week The White House warned it would pursue tariffs on $50 billion of Chinese imports as well as impose restrictions on Chinese investments in the US.

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And that meant Ross arrived in Beijing on Saturday under a cloud and amid anger from key US allies who have been hit with duties on steel and aluminium.>> Are totally Unacceptable.>> But at the talks, Ros said exchanges between the two sides had been friendly and frank.